Money

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SARB expects inflation to return to 4.5% target band in last quarter of 2025

The path back to the 4.5% midpoint of the target band is likely to be bumpy and protracted, it says.

2024-04-24T04:57:08Z

Plato's exact burial site has been found in Greece, researchers claim

Plato's long-lost burial has been found in Greece, claim experts who found the exact burial spot in the Herculaneum scrolls. The team used AI to read the text, reveal 1,000 new words on the scroll.

2024-04-23T19:48:51Z

Narrative critical in investment landscape as fund managers pursue exit longevity

There are four observable new trends and behaviours driving market conditions.

2024-04-24T10:33:38Z

Inside the whirlwind 48 hours of Hull FC’s pursuit of Salford Red Devils coach Paul Rowley

It's been a chaotic few days.

2024-04-24T06:26:09Z

Shock inflation spike as cost of living soars

Hopes of an early interest rate cut have been dashed with a key measure of inflation rising in March. Here's what it means for you if you are battling higher mortgage repayments.

2024-04-24T02:18:50Z

50 years since the revolution, where is Portugal today?

Portugal is better off today than it was at the end of its military dictatorship. But where does it stand compared to other European countries? View on euronews

2024-04-24T08:34:40Z

Beyond traditional investments: Exploring the appeal of HFM for South African investors

Forex trading has become incredibly popular in South Africa, as more and more traders are looking for trustworthy platforms to participate in currency exchange and investment opportunities.HFM stands out as a top pick for traders in South Africa, providing a wide range of features and benefits designed to meet the unique requirements of this market.Regulation and securityEnsuring the safety of funds and the reliability of the trading platform is...

2024-04-24T00:06:01Z

What fund managers want... and other investment trends

The investment landscape within the African private equity and venture capital markets has changed both slowly and suddenly since 2020. Low interest rates initially led to a boom in private capital deals in 2021 and 2022, totalling $7.4bn and $7.6bn in value, respectively. By 2023, however, private capital deals declined by 28% in volume and 22% in value, a nominal decline of $1.7bn.Image source: alphaspirit – 123RF.comInteractions with sector...

2024-04-24T00:05:54Z

Tesla Says It's Working On Ride-Hailing. We Have Questions.

Tesla said it's working on a ride-hailing service. But it's not clear yet what that actually means.

2024-04-23T21:37:03Z

Excess pesticide residues fourfold higher in imported food, agency finds

There is a low risk to consumer health from exposure to pesticide residues in food but imports from third countries need to be monitored since they are four times more likely to exceed recommended levels, according to the latest findings of the European Food Safety Authority (EFSA). View on euronews

2024-04-24T09:47:57Z

Tycoon's nurse daughter struck off for botched wrinkle jab at salon

The daughter of one of Scotland's richest businessmen has been struck off as a nurse after a customer at her beauty salon suffered serious complications from a cosmetic procedure.

2024-04-23T22:18:18Z

Where have all the hatchbacks gone? – Why SA has moved towards compact SUVs

Hatchbacks have long been the beating heart of the South African car market. Volkswagen, in particular, held a large chunk of the market with models such as the CitiGolf, Polo and Golf.These vehicles were the gold standard, the benchmark by which all other hatchbacks were measured.Their success wasn’t lost on other luxury brands. BMW entered the fray with the feisty 1 Series, Audi launched the stylish A1 and A3, and Mercedes took a daring stab...

2024-04-24T00:05:54Z

'Middle class' man's daily routine sets the internet alight

29-year-old TikTok creator @hubs.life, has created a stir over his video over his daily routine as a 'middle-class man' living in America.

2024-04-23T21:55:15Z

Woolworths quietly launches 'Dine In' option in Australia

Woolworths has launched a surprise new offering in Australian stores.

2024-04-24T00:55:20Z

WATCH: Traveller shares plus-size shopping experience in Bangkok and netizens weigh in

Despite Thai retailers being brutally honest with plus-size shoppers in the naming of stores, plus-size netizens would still embark on a shopping experience in the country.

2024-04-24T10:25:58Z

Post Office boss Vennells accused of 'absolutely Orwellian' rebrand

Vennells asked her 'computer literate' husband for a 'non-emotive' way to describe issues with the Horizon IT system, the public inquiry heard yesterday.

2024-04-23T23:48:28Z

Donald Trump staffers get McDonald's lunch for second day in a row

The staff members returned to the fast-food restaurant for lunch on the second day of testimony at the Stormy Daniels hush money trial.

2024-04-23T21:03:08Z

2024-04-24T08:16:06Z

The EU must work with Europe's cities to end youth homelessness

Our message is clear: we can only achieve lasting change if all levels of government work together in a strategic partnership for action, Lyon Métropole's Vice President Renaud Payre writes. View on euronews

2024-04-24T09:48:04Z

#BehindtheSelfie: Elwin Smith, senior manager of group sponsorships at Nedbank

This week we pick the mind of Elwin Smith, the senior manager of group sponsorships at Nedbank.Describe your career so far.My career started in youth entertainment and evolved into sports sponsorship.I started out as a promoter. Today, I work on one of the biggest sponsorship portfolios in South Africa.The work I do has always been driven by my passion for showcasing world-class marketing strategies ignited through the passion points of...

2024-04-24T00:06:05Z

Nearly half of South Africans struggle to afford food and electricity - survey

Due to budgetary restrictions, two out of every five people reported having no electricity in their homes in 2023.

2024-04-24T05:38:51Z

Shoppers save £1.3 BILLION hunting out supermarket deals, figures show

Around three in ten or 29.3 per cent of items were bought through some sort of promotion, which has been primarily promoted through Supermarkets loyalty card schemes.

2024-04-23T23:48:29Z

Local venture builder invests in 5 startups to drive economic growth

According to the UN, small, medium, and micro-sized enterprises (SMMEs) constitute over 98% of formal businesses. The Brenthurst Foundation states that these enterprises employ 50-60% of our labor force and contribute 34% to GDP.Kerryn Campion and Mitchan Adams | image suppliedHowever, despite their crucial role, South African SMMEs face numerous challenges, including access to funding, market saturation, and regulatory complexities. The UN...

2024-04-24T00:05:59Z

Loeries and Red & Yellow launch Loeries Learning in Dubai

The Red & Yellow Creative School of Business (Red & Yellow) and the Loerie Awards have launched Loeries Learning, a online education platform aimed at empowering professionals in the advertising industry.Source: www.unsplash.comCollaborationThe launch of Loeries Learning in Dubai is the latest international expansion of the Red & Yellow brand. The institution says the collaboration will export South Africa’s innovative approaches to a global...

2024-04-24T00:06:08Z

Red Ribbon Communications elevates brand recognition in the renewable energy sector

Tech PR agency Red Ribbon Communications shows expertise in the sustainable energy sector with a landmark Rubicon partnershipRed Ribbon Communications, a leading PR agency specialising in tech PR and sustainability, has achieved a significant milestone through its successful collaboration with Rubicon, a leading South African sustainable technology provider. The strategic partnership has not only solidified Red Ribbon’s position as an expert in...

2024-04-24T00:06:10Z

ATM 2024 to explore transformative innovation, entrepreneurship in global travel

International policymakers and industry executives are set to gather in the United Arab Emirates for the 31st Arabian Travel Market (ATM) 2024. Scheduled to be held at the Dubai World Trade Centre (DWTC) from 6 May to 9 May, the event will examine the role of entrepreneurship and innovation in transforming the global tourism industry.Source: SuppliedOver 200 speakers will participate in more than 50 sessions during the four-day event. Experts...

2024-04-24T00:06:02Z

Mercedes-Benz G580 With EQ Technology: A Quad-Motor Electric Off-Roader With Old School Vibes

On the surface, there are very few surprises about the electric G580. It's under the skin that matters.

2024-04-24T02:54:40Z

Contractor killed after being electrocuted

A contractor was killed after being electrocuted while working on a site.

2024-04-24T05:35:43Z

Why do France and Belgium risk credit rating downgrades in 2024?

The risk of sovereign credit downgrades is increasing for France and Belgium, as both countries contend with escalating fiscal deficits and debts. Scope Ratings emphasised Europe's post-crisis fiscal strain, underscoring the urgency for actions. View on euronews

2024-04-24T09:47:57Z

GM's Ultium Electric Car Revolution Might Just Be Back On Track

GM has increased battery production by 300% and expects to double overall current vehicle production by the end of the summer.

2024-04-23T19:21:37Z

Electricity cut off at School of Excellence, R1,3m municipal bill owed

The financial difficulties at the Transnet-SAFA School of Excellence (SOE) have gone from bad to worse after electricity was cut off on Tuesday leaving the 75 boys at the school in the dark and showering with cold water.

2024-04-24T07:28:05Z

Kommetjie sees Devmark Property Group progress with Imhoff Manor Retirement Estate development

Construction of Devmark Property Group’s Imhoff Manor, a multi-million rand exclusive retirement village in Kommetjie, is forging ahead.Source: Supplied.This esteemed addition, marking its inaugural venture in the Southern Peninsula of Cape Town, joins a distinguished portfolio including successful retirement villages such as Clé de Cap, Legato, Heritage Manor, Onrus Manor, La Vie Est Belle, Villa Cortona, and more recently Helderberg Manor, The...

2024-04-24T00:06:12Z

How rich is Jacques Kallis and how did he make his money?

Jacques Kallis ranks among the richest cricketers in the world thanks to a record-breaking career and an eye for a good investment.

2024-04-24T09:20:18Z

Propel's Q2 2024 Barometer: Surge in journalist responses and PR trends

Propel has announced the release of its Q2 2024 Propel Media Barometer. In good news for PR professionals, the barometer found that journalist response rates to the over 400,000 pitches sent through the platform in Q1 rose to 3.43%. This is a 9% increase over Q4 2023.Source: www.unsplash.comUpward trendQ1 2024 saw the highest journalist responses since Propel began coming out with its media barometer. This follows a general upward trend in...

2024-04-24T00:05:55Z

Fears UK could face Cava shortage due to drought in Catalonia

Consumer experts now fear the drought that has gripped Catalonia in the last four years will hit supplies in the UK and cause prices to be hiked.

2024-04-24T10:20:18Z

Johannesburg precinct establishes sustainability benchmarks

As South Africa migrates to an off-grid economy, one mixed-use precinct is leading the way with its sustainability prowess.Source: Supplied.Melrose Arch has a thriving waste-separating facility, underground cooling plant, gardens and rooftop solar system, providing its hotels, businesses and residential properties with an unparalleled experience.After blasting and bulk earthworks commenced in the year 1998, Melrose Arch opened with a limited...

2024-04-24T00:06:06Z

HONOR Magic6 Pro’s four-layer AI integration is revolutionising the industry

HONOR's Magic6 Pro, with AI integration, showcases the efficiency of AI in daily tasks, thanks to its four-layer architecture.

2024-04-24T06:02:27Z

Young family-of-eight forced to live in a tent amid rental crisis

A young Queensland family-of-eight have been forced to live in a tent for over six months as they struggle to find a home amid the worsening rental crisis.

2024-04-24T00:33:36Z

Blackpool rock under threat from cheap Chinese imports

The seaside resort of Blackpool, in Lancashire - where almost all of the UK's sticks of rock are made - has seen the number factories dwindle from around 30 to just 10 in recent years.

2024-04-24T09:05:06Z

What's hot in the branded merchandise, apparel, and gifting market?

The field of branded merchandise, apparel, and gifting is experiencing robust growth as brands intensify their efforts to capture attention and loyalty in an increasingly competitive market landscape.Image suppliedThe enduring appeal and impactful nature of meticulously branded uniforms or corporate gifts play a significant role in forging connections with customers, enhancing recall and familiarity, fostering loyalty, and ultimately shaping...

2024-04-24T00:06:06Z

Battery Swapping Motorcycles Are Coming To Brazil From Startup Vammo

It employs battery swapping technology similar to what we’re seeing in Asia.

2024-04-24T00:24:31Z

Massive hurdles face SA if it wants to manufacture EVs or their components

Most importantly, we would have to out-subsidise the world’s biggest subsidisers in this space: China and the US.

2024-04-23T09:15:07Z

Tesla Says New Vehicles, Including 'More Affordable' Models, Are Coming

The electric automaker's eagerly anticipated Q1 filing has a few details about what's needed most: new models.

2024-04-23T21:36:58Z

Commission foreign subsidies raids involving Chinese company in ex officio probe

The EU Commission has used new powers to raid an unnamed Chinese company under the Foreign Subsidies Regulation - separately, the China Chamber of Commerce to the EU has expressed serious concern over the ‘dawn raids’. View on euronews

2024-04-24T10:18:02Z

Super Rugby Pacific appoint CEO to stop the rot

The board has appointed Australian Jack Mesley as the inaugural Chief Executive Officer of Super Rugby Pacific.

2024-04-24T10:05:25Z

SARB eyes more of Jooste assets after R60m is forfeited to the State

This brings to close Odendaal’s three-year long battle to access a portion of Jooste’s massive fortune frozen by SARB long before his alleged death by suicide last month.

2024-04-24T05:02:35Z

Capitec’s success is a beacon of hope for new entrants as they eat legacy banks’ lunch

The lunch of ye old South African monopolistic banking playground – dominated by Standard Bank, FirstRand, Absa, Nedbank and Investec – is up for grabs.

2024-04-24T05:02:46Z

The Tesla Model 3 Performance Is Actually Cheaper Than The Long Range Because Tax Credits

But there's the catch—leasing paints a different picture.

2024-04-23T22:22:02Z

Creative communications agency DarkMatter opens public relations division

Creative communications company DarkMatter is thrilled to announce that due to remarkable organic growth, the company will now be extending its current product offering to include digital, traditional and integrated public relations.DarkMatter’s decision to expand comes as a response to the increasing demand from current clients, wanting a more comprehensive solution to their existing communications collateral, seeing DarkMatter as the solution...

2024-04-24T00:05:53Z

Eduvos to showcase at Comic Con Cape Town 2024

Eduvos is excited to announce that they will be exhibiting at this year’s Comic Con Cape Town. The higher education provider will be joining their gaming partner, RGB Gaming, to host an Apex Legends esports tournament and showcase Eduvos’s accredited qualifications, including their two new qualifications in gaming.Comic Con Cape Town will take place from 27 April to 1 May at CTICC 2. The event is a celebration of individuality and pop culture,...

2024-04-24T00:06:07Z